Employer Paid Member Contribution. 7.18.4.1. CLASSIC MEMBERS: Effective July 1, 2015 the DISTRICT will cease paying any portion of the EMPLOYEE share of PERS contributions (EMPLOYEE will pay the full 9%). In exchange, DISTRICT will provide a five (5) percent increase in salary for all EMPLOYEES covered by this agreement.
Employer Paid Member Contribution. (EPMC) The County shall provide covered employees in the Probation Department with EPMC reporting credit as soon as it is provided to any other employee group within the County.
Employer Paid Member Contribution. (EPMC) Effective July 1, 2012, Employer Paid Member Contribution shall be discontinued. Members shall be responsible for 100% of the required employee contribution for PERS. Employee contributions paid by members will be deducted on a pre-tax basis, in accordance with IRC Section 414(h)(2).
Employer Paid Member Contribution. (EPMC). Effective July 1, 2012, the City ceased all EPMC, and all bargaining unit employees are required to pay the following individual member contributions: All bargaining unit employees in the 2.7%@55 retirement plan shall pay their full CalPERS member contribution required by CalPERS, which is currently eight percent (8%) of reportable earnings. All bargaining unit employees in the 2%@60 retirement plan shall pay their full CalPERS member contribution required by CalPERS, which is currently seven percent (7%) of reportable earnings. All bargaining unit employees in the 2%@62 retirement plan shall pay their full CalPERS member contribution required by CalPERS, which is currently six and one-quarter percent (6.25%) of reportable earnings. All employees shall have the option to have a salary adjustment in the form of a tax deferred income payment for their CalPERS member contribution in accordance with the provisions of Internal Revenue Code Section 414(h)(2).
Employer Paid Member Contribution. Effective December 22, 2002, for those employees who are members of and are required to make an employee contribution to the Alameda County Employee Retirement Association (“ACERA”) the County shall pay a portion of the employee’s contribution to the ACERA in an amount equal to three percent (3%) of the employee’s salary. Employees who are Tier IV members of the ACERA are excluded from the provisions of this section.
Employer Paid Member Contribution
